Live Insurance News

Professional liability insurance is becoming more popular among American police

April 1, 2016March 30, 2016 Julie Campbell

A growing number of U.S. law enforcement officers are protecting themselves against lawsuits. The largest police union in the United States, the Fraternal Order of Police, has recently reported that law enforcement officers are buying professional liability insurance on an increasing basis as a result of concerns over being sued for their actions while on duty. In the span of one year, running from July 2014 through July 2015, there was a double-digit increase in coverage. Within that span of time, the union reported that members buying professional liability insurance…

New miscellaneous professional liability insurance from Berkshire Hathaway

January 13, 2016January 12, 2016 Julie Campbell

This MPL product from the BHSI Professional First line has been launched in Canada. Berkshire Hathaway Specialty Insurance (BHSI) has now announced the launch of their new Professional First™ Miscellaneous Professional Liability Insurance that can be purchased within Canada. This new type of liability insurance product offers professionals coverage against a range of accusations. According to the descriptions of the new BHSI miscellaneous professional liability insurance policy, it allows professionals to cover themselves and their services firms against allegations of errors or omissions, negligent acts, neglect, misleading statements, misstatements, breach…

eQuoteMD Hits Sales Milestone in Number of Physicians Served

April 9, 2013April 21, 2014 Guest Author

A unique, dedicated broker service helps physicians find medical malpractice insurance. St. Louis, MO April 09, 2013: As an online service providing quotes for medical malpractice insurance to physicians, eQuoteMD has achieved a milestone in both the number of physicians served and total premium volume sold. The website, launched only two years ago, has helped thousands of physicians with quotes, policy comparisons, and insurance coverage for malpractice risks. Company executives credit the success to the combination of the ease of use for the customer, collaboration with industry experts, and the…

Five Tips for Keeping Errors and Omissions Insurance Costs Down

January 30, 2013April 13, 2014 Guest Author

In our lawsuit-happy society, in which even the spillage of hot coffee can lead to a multi-million dollar settlement, virtually every business needs some form of errors and omissions (E&O) insurance. Also referred to as professional liability insurance, professional indemnity insurance and, in the medical field, malpractice insurance, E&O insurance covers various types of businesses against the costs associated with civil lawsuits. The economy remains strained, however, and business executives want to know how they can minimize the cost of E&O insurance. In this article, we’ll look at five ways…

Insurers working to adapt to changes in professional liability risks

June 6, 2012 Marc

Changing laws spur evolution in insurance industry The health care landscape in the U.S. has changed in the two years after the Affordable Care Act was signed into law. Though the future of the law now rests in the hands of the U.S. Supreme Court, the changes it brought to health care and the insurance industry has caused a shift in professional liability risks. Even if the law is overturned, these risks are expected to weigh heavy on insurance companies that provide coverage for health care professionals. Insurers, however, are…